McDonald's Raising Dividend 5%

It's a better present than a free toy in a Happy Meal. McDonald's (NYSE: MCD  ) has bumped its dividend, declaring a quarterly common stock distribution of $0.81 per share. This will be dispensed on Dec. 16 to shareholders of record as of Dec. 2. That amount is $0.04, or 5%, higher than each of the fast food giant's preceding four payouts of $0.77 per share.

In the press release announcing the news, the company pointed out that it has raised its dividend every year since first paying a distribution in 1976.

The new dividend annualizes to $3.24 per share. That yields 3.3% at McDonald's most recent closing stock price of $98.70.

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9/26/2016 4:01 PM
MCD $116.53 Down -0.64 -0.55%
McDonald's CAPS Rating: ***